Brazil gears up for inaugural pre-salt licensing round
Following the success of Round 11, the ANP is now preparing Brazil's first pre-salt licensing round. The round will focus solely on the Libra field, a giant discovered resource located in the northern portion of the pre-salt Cluster Area in the Santos Basin. It is world-class in scale, with reserves estimated by the ANP at 8 to 12 billion barrels of oil equivalent. The field has the potential to produce over 1 million b/d of oil and first oil is expected around the start of the next...